Central Bancompany files for IPO, plans 50-for-1 stock split

JEFFERSON CITY, Mo. - Central Bancompany, Inc., the parent company of The Central Trust Bank, announced Friday it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. The banking group, currently valued at approximately $2.8 billion according to InvestingPro data, maintains a FAIR overall financial health score.

The Missouri-based banking company has applied to list on the Nasdaq Global Select Market under the symbol "CBC." The number of shares to be offered and the price range have not yet been determined, according to the company’s statement.

Central Bancompany’s board has approved a 50-for-1 stock split in the form of a stock dividend. Shareholders of record as of October 20 will receive 49 additional shares of Class A common stock for each share owned, with distribution set for October 24.

The company noted that the offering is subject to market conditions and may be affected by the current federal government shutdown.

Morgan Stanley and Keefe, Bruyette & Woods are serving as joint lead book-running managers for the proposed offering, with BofA Securities, Piper Sandler and Stephens acting as joint bookrunners.

Central Bancompany’s banking subsidiary, The Central Trust Bank, has been operating since 1902 and reported $19.1 billion in assets as of June 30. The bank operates more than 156 locations across five states: Missouri, Kansas, Oklahoma, Colorado, and Florida. InvestingPro data shows the company generated revenue of $1.18 billion in the last twelve months, with impressive revenue growth of ~20%. The company’s return on equity stands at 16%, indicating strong operational efficiency.

The registration statement filed with the SEC has not yet become effective, and the securities cannot be sold until it does, the company stated in its press release. For deeper insights into Central Bancompany’s financials and more exclusive metrics, check out InvestingPro, which offers comprehensive analysis and real-time updates on thousands of stocks.

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